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Burbank 60459 Burbank
8024 Lotus Avenue
$210,000
● House - Off Market

8024 Lotus Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,492 Ft²
$237,854
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Investor opportunity!  So much potential give the size and the layout!  3 Bedroom, 2 Bathroom ranch!  Offers plenty of size and a great layout!  Eat in Kitchen!  Dining room & family room are open to each other!  2 car attached garage!  Good sized yard that is mostly fenced-in and features a wood deck!  There is a great chance to have some sweat equity in this home!
Unit Size
1,492 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$147
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11195787)

Price History

Date / Event Date Event Price
Jan 11, 2022 Sold
Premium
Sold
Aug 20, 2021 Listed by Village Realty, Inc. $219,900
Listed by Village Realty, Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,374
  • Total Building Area: 1,492
  • Gross Building Area: 1,492
  • Building Area: 1,492
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,492
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J HERBERT CLINES FORDUM VILLAG
  • Land Acres: 0000000238
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: W3/4E2W2NW4 S33 T38N R13E 3P

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 821102

Geography

  • District: 36
  • Parcel: 19-33-116-026-0000
  • Lot: 31
  • Meridian: SEC 33 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7463
  • Longitude: -87.7574

    Address

  • Full Address: 8024 Lotus Ave
  • Address - House Number: 8024
  • Address - Street Name: Lotus
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C019
  • 4-Digit Zip Code: 2045
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $500,455
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2493
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 288,198
  • High Value: 360,074
  • Low Value: 216,322

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $98,550
  • Market Improvement Value: $111,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $9,855
  • Assessed Improvements Value: $11,145

    Sales

  • Current Sale Contract Date: Jan 04, 2022
  • Current Sale Recording Date: Feb 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2205607130
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Burbank

Stats & Trends

Median Asking:

$348,250

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1745 ft²

Average Home Age

57.2 years

Currently For Sale

55 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 9224 Sproat Avenue, Oak Lawn, IL, 60453

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,056 ft²
9224 Sproat Avenue, Oak Lawn, IL, 60453 Listing by Baha Joudeh
Unit for rent at 6452 S Knox Avenue, Chicago, IL, 60629

$3,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
6452 S Knox Avenue, Chicago, IL, 60629 Listing by Gabriela Melgoza

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Glenn, Village Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11195787
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 8024 Lotus Avenue built and last sold?
The property at 8024 Lotus Avenue was built in 1959 and last sold on Jan 4, 2022 for $210,000.
How much is this home worth?
The estimated value of the home located at 8024 Lotus Avenue is $227,841.
What are some comparable homes to 8024 Lotus Avenue?
There are currently no comparable homes to 8024 Lotus Avenue.
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